FNMA URAR Residential Appraisals
American Abstract's Full Residential Appraisal is completed on the FNMA 1004 form by a licensed, approved field appraiser. One of our approved appraisers completes a full interior and exterior inspection of the subject property, providing a summary report complete with a URAR form, subject photographs, a subject sketch, comparable photographs, a comparable location map, and a signed statement of limiting conditions. Product will: Provide an interior and exterior inspection of the subject property and an exterior inspection of the comparable properties Report on the condition of the neighborhood and subject site Include an adjustment grid in the Sales Comparison Analysis Report on typical marketing time in the area for similar properties Provide property profile (ex. Number of bedrooms and bathrooms) Comment on the subject's compatibility with other properties in the neighborhood, including general appearance and appeal to the market Include subject front, rear, and street scene photos as well as front photos of each comparable Define the market value for the property
FNMA 2055 Drive-by Appraisal
American Abstract's FNMA 2055 Drive-by Appraisal is used for the exterior inspection of single family residential properties. This self-contained report includes an adjustment grid in the Sales Comparison Analysis and is consistent with Fannie Mae Guidelines. An approved appraiser will complete an exterior inspection of the subject property and will provide a limited report, including a completed FNMA 2055 form, subject photographs, and a set of photographs showing each comparable sale. Product will: Provide an exterior inspection of both the subject property and each comparable Report on the condition of the neighborhood and subject site Include an adjustment grid in the Sales Comparison Analysis Report on typical marketing time in the area for similar properties Provide property profile based on public records (ex. number of bedrooms and bathrooms) Comment on the subject's compatibility with other properties in the neighborhood, including general appearance and appeal to the market Include subject front and street scene photos, as well as front photos of each comparable Interior inspections are available upon request and will be completed on the FNMA 2055 form dated 9-96. Interior inspections include all of the above as well as a sketch showing interior room dimensions.
FNMA 2000 Field Review Appraisal
For the FNMA 2000 Field Review Appraisal, an appraiser will review the original appraisal report submitted by the client and complete an exterior inspection of the subject property and comparable sales data. The results of this review will be provided on the FNMA 2000 Review Form, with the appraiser providing statements indicating either value support based on the original data, or revised/replacement data supporting a more accurate value estimate as of the effective date of the original appraisal. The field review serves as a spot-check on the original appraisal report as part of mortgage quality review. It is not intended for use as a new appraisal. Product will: Provide an exterior inspection of both the subject property and each comparable Determine the completeness and accuracy of data in the original appraisal Address all factual, judgmental and appraisal technique discrepancies Include subject front and street scene photos, as well as comparable front scene photos Provide additional comparables upon request Product requirements: Client is required to submit a copy of the original appraisal report for review
FNMA Desktop Underwriter Property Inspection - Form 2075
The Fannie Mae Desktop Underwriter enhanced risk assessment capability is completed on the Desktop Underwriter Property Inspection form 2075 by a state licensed or certified appraiser. One of our approved appraisers completes an inspection of the subject property from the street. However, if subject is not accessible from the street, appraiser will gain necessary access to property surrounding subject. The FNMA Form 2075 is not an appraisal report. The appraiser will not provide any indication of value with these reporting formats. Instead, this report is only an inspection report designed to confirm subject improvements and to provide general neighborhood data. Based on factors indicated in the inspection report, a full appraisal may be recommended. Product will: Provide an exterior inspection of the property from the street Report on general information about the subject neighborhood, site, and improvements Include subject front and street scene photos Not define an estimate of market value for the property
Other Appraisal/Valuation Products
Raw Land Appraisals Update of Appraisal / Completion Inspection Multi-family Appraisals REO/Foreclosure Appraisals Customized Appraisal Reports